small-cap

Is Horizon Oil a good BUY ?

Sep 30, 2014 | Team Kalkine

Read Time :5 Mins

Horizon Oil Limited is engaged in petroleum exploration, development and production. The Company operates in five segments: New Zealand development, New Zealand exploration, China exploration and development, PNG exploration and development and other segments. New Zealand development is engaged in producing crude oil from the Maari/Manaia fields, located offshore New Zealand. New Zealand exploration is engaged in the exploration and evaluation of hydrocarbons in two offshore permit areas, PEP 51313; and PMP 38160 Maari/Manaia. China exploration and development is engaged in developing and producing of crude oil from the Block 22/12-WZ6-12 and WZ12-8W oil field development and in the exploration and evaluation of hydrocarbons within Block 22/12. PNG exploration and development is engaged in the Stanley condensate/gas development (project FID during 2012), and the exploration and evaluation of hydrocarbons in six onshore permit areas, PRL 4, PRL 21, PPL 259, PPL 372, PPL 373 and PPL 430. To read the complete report Click Here.

Mid-Cap